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Hybrid Drivetrain Market is Expected to Hit USD 645bn By 2026

Global hybrid drivetrain market outlook is driven by growing sales of hybrid vehicles. Hybrid vehicles use an alternate power source along with conventional sources to produce momentum and minimize fuel consumption. With enactment of stringent regulations to curb vehicular emission and reduce carbon footprint, automotive OEMs are incorporating more electric components in cars, which is triggering hybrid drivetrains industry demand. Hybrid drivetrains offer a range of benefits, such as low fuel consumption and less emission. Hybrid drivetrains have witnessed major advancements in the past few years. For example, in July 2019, Toyota announced plans to build a second hybrid transmission at TMMP plant in Walbrzych, Poland.

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Hybrid Drivetrain Market is Expected to Hit USD 645bn By 2026

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  1. Hybrid Drivetrain Market to Cross USD 645bn By 2026

  2. KeyInsights Hybrid Drivetrain Market : • Global hybrid drivetrain market outlook is driven by growing sales of hybrid vehicles. Hybrid vehicles use an alternate power source along with conventional sources to produce momentum and minimize fuel consumption. With enactment of stringent regulations to curb vehicular emission and reduce carbon footprint, automotive OEMs are incorporating more electric components in cars, which is triggering hybrid drivetrains industry demand. • Hybrid drivetrains offer a range of benefits, such as low fuel consumption and less emission. Hybrid drivetrains have witnessed major advancements in the past few years. For example, in July 2019, Toyota announced plans to build a second hybrid transmission at TMMP plant in Walbrzych, Poland.

  3. Continued… • Hybrid drivetrains are experiencing maximum installation in mild HEV cars. Mild HEVs are equipped with electric motors, which deliver mid-level engine assistance for easy and refined operations. Mild HEVs provide more agility as compared to full combustion counterparts as they utilize recuperated electric energy that provides improved engine acceleration. Hybrid drivetrains also prolong engine life by minimizing mechanical stress and engine load, mainly in urban driving conditions. • Control component has found high importance in vehicle operation and augmented hybrid drivetrain industry size. Control module helps to handle cooperation between power sources by integrating control points and host of sensors. It also manages temperature for engine components and batteries for safe and streamlined driving.

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  5. Major Companies Hybrid Drivetrain Market : • BAE Systems • Aisin Seiki • Delphi Automotive • Denso • Continental AG • Magna International • JATCO Ltd. • ZF Friedrichshafen

  6. Regional Hybrid Drivetrain Market : • With hybrid vehicles gaining traction in the region, Europe hybrid drivetrain market is dominating the regional hierarchy. For example, in September 2019, BMW introduced a mild-hybrid variant for 5 series automobiles. The vehicle is equipped with secondary battery and 48V starter-generator, that enhances the regenerative braking system of the vehicles and improves operation. Later, in January 2020, the company announced roll out of plug-in hybrid vehicle models, including BMW X2 xDrive25e and BMW X1 xDrive25e.

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